Brief Exercise 23-2 Sweet Corporation had the following activities in 2017. 4 Pu

Question

Brief Exercise 23-2 Sweet Corporation had the following activities in 2017. 4 Purchase of equipment $433,000 Sale of land $190,000 2. Purchase of inventory $812,000Issuance of common stock $304,000 3. Prchase of treasury stock $72,000 ·Purchase of available-for-sale debt securities $63,000 Compute the amount Sweet should report as net cash provided (used) by investing activities in its 2017 statement of cash flows. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000). Net cash by "vesting activties S Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

Sales of land 190,000 Less:Purchase of equipment (433000) Less:Purchase of available for sale debt securities (63000) Net cash used by investing activities ($306000)(Negative).

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